Company research
American Oncology Network, Inc.
CIK 1839998Updated Sep 24, 2026
SecuritiesAONC · OTC · equityAONCW · OTC · warrant
Name history
Digital Transformation Opportunities Corp. · through Sep 20, 2023
AONC price & chart
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Recent filings
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Financials
FY 2024 · USDSource
Source
Source
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balance sheet · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 470,328,000Source | 374,453,000Source | 338,883,014Source | 334,879,010Source |
| Property, Plant and EquipmentUSD | — | — | 31,980,000Source | 32,648,000Source |
| GoodwillUSD | 10,900,000Source | — | — | — |
| Intangible Assets, Net (Excluding Goodwill)USD | 2,476,000Source | — | — | — |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 62,849,000Source | 28,539,000Source | 374,304Source | 803,309Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 129,233,000Source | 129,151,000Source | — | — |
| Inventory, NetUSD | 60,712,000Source | 44,569,000Source | — | — |
| Assets, CurrentUSD | 331,472,000Source | 277,803,000Source | 460,923Source | 1,271,896Source |
| Prepaid Expense and Other Assets, CurrentUSD | 8,494,000Source | 4,277,000Source | — | — |
| Operating Lease, Right-of-Use AssetUSD | 50,157,000Source | 43,349,000Source | — | — |
| Other Assets, NoncurrentUSD | 25,584,000Source | 7,588,000Source | — | 86,855Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 362,321,000Source | 303,740,000Source | 15,728,108Source | 22,256,543Source |
| Stockholders’ equity: | ||||
| Additional Paid in CapitalUSD | 56,292,000Source | 0Source | — | — |
| Retained Earnings (Accumulated Deficit)USD | -102,171,000Source | -161,812,000Source | -14,204,384Source | -20,878,367Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 28,000Source | 81,000Source | — | — |
| Stockholders' Equity Attributable to ParentUSD | -46,215,000Source | -161,727,000Source | -14,203,550Source | -20,877,533Source |
| Liabilities and EquityUSD | 470,328,000Source | 374,453,000Source | 338,883,014Source | 334,879,010Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 216,847,000Source | 169,045,000Source | 2,605,527Source | 1,028,468Source |
| Operating Lease, Liability, CurrentUSD | 7,214,000Source | 6,692,000Source | — | — |
| Accounts Payable, CurrentUSD | 170,736,000Source | 127,645,000Source | — | — |
| Operating Lease, Liability, NoncurrentUSD | 48,018,000Source | 39,803,000Source | — | — |
| Deferred Income Tax Liabilities, NetUSD | — | — | 574,998Source | — |
| Other Liabilities, NoncurrentUSD | 10,333,000Source | 14,251,000Source | — | — |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 1,584,000Source | 429,000Source | — | — |
| Additional Financial Items | ||||
| Accounts Receivable, after Allowance for Credit LossUSD | 129,200,000Source | 129,200,000Source | — | — |
| Long-term Debt, Excluding Current MaturitiesUSD | 87,123,000Source | 80,641,000Source | — | — |
| Long-term Debt, Current MaturitiesUSD | 3,744,000Source | — | — | — |
| Long-term Debt, Excluding Current MaturitiesUSD | 87,123,000Source | 80,641,000Source | — | — |
| Redeemable Noncontrolling Interest, Equity, Carrying AmountUSD | 87,652,000Source | 167,025,000Source | — | — |
cash flow · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -26,958,000Source | -63,150,000Source | 10,532,439Source | 8,394,719Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 10,516,000Source | 8,450,000Source | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 14,422,000Source | 4,874,000Source | — | — |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 771,000Source | -6,947,000Source | — | — |
| Increase (Decrease) in InventoriesUSD | 13,671,000Source | 8,090,000Source | — | — |
| Increase (Decrease) in Accounts PayableUSD | 39,490,000Source | 20,067,000Source | — | — |
| Deferred Income Tax Expense (Benefit)USD | 2,734,000Source | 384,000Source | — | — |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -4,943,000Source | -18,118,000Source | -795,655Source | -1,230,297Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -2,411,000Source | -35,534,000Source | 366,650Source | -333,500,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 20,954,000Source | 12,283,000Source | — | — |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 3,258,000Source | — | — | — |
| Payments for Repurchase of Common StockUSD | 368,000Source | 89,000Source | — | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 41,664,000Source | 55,265,000Source | 0Source | 335,533,606Source |
| Repayments of Long-term DebtUSD | 3,498,000Source | 0Source | — | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 34,310,000Source | 1,613,000Source | -429,005Source | 803,309Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 62,849,000Source | 28,539,000Source | 374,304Source | 803,309Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 5,743,000Source | 5,847,000Source | — | — |
| Additional Financial Items | ||||
| Amortization of Debt Issuance CostsUSD | 609,000Source | 787,000Source | — | — |
| DepreciationUSD | 8,100,000Source | 7,200,000Source | — | — |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber PropertyUSD | -4,496,000Source | 289,000Source | — | — |
| Gain (Loss) on Extinguishment of DebtUSD | — | 0Source | — | — |
| General and Administrative ExpenseUSD | 133,937,000Source | 100,714,000Source | — | — |
| GoodwillUSD | 10,900,000Source | — | — | — |
| Goodwill, Impairment LossUSD | — | 0Source | — | — |
| Income (Loss) from Equity Method InvestmentsUSD | 153,000Source | -259,000Source | — | — |
| Income Tax Expense (Benefit)USD | 2,498,000Source | 384,000Source | 1,026,636Source | 0Source |
| InterestExpenseNonoperatingUSD | 7,057,000Source | — | — | — |
| Investment Income, InterestUSD | 3,199,000Source | 1,326,000Source | 5,128,585Source | 20,259Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 10,532,439Source | 8,394,719Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 23,760,000Source | -30,800,000Source | — | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -3,973,000Source | -5,542,000Source | — | — |
| Nonoperating Income (Expense)USD | — | — | 13,948,974Source | 10,027,208Source |
| Operating Costs and ExpensesUSD | — | — | 2,389,899Source | 1,632,489Source |
| Other Nonoperating Income (Expense)USD | -3,326,000Source | -8,262,000Source | — | — |
| Payments of Financing CostsUSD | — | 446,000Source | — | — |
| Proceeds from Issuance of Common StockUSD | 50,000,000Source | — | 0Source | 25,000Source |
| Proceeds from Issuance of Long-term DebtUSD | — | 0Source | — | — |
| Proceeds from Noncontrolling InterestsUSD | 0Source | 134,000Source | — | — |
income statement · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Total RevenueUSD | 1,759,484,000Source | 1,279,185,000Source | — | — |
| Cost of Goods and Services Sold | — | — | — | — |
| Gross Profit (Calculated) · Derived | — | — | — | — |
| Operating Income (Loss)USD | -17,429,000Source | -49,154,000Source | -2,389,899Source | -1,632,489Source |
| Other Nonoperating Income (Expense)USD | -3,326,000Source | -8,262,000Source | — | — |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | 11,559,075Source | — |
| Income Tax Expense (Benefit)USD | 2,498,000Source | 384,000Source | 1,026,636Source | 0Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 23,760,000Source | -30,800,000Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | — | — | 10,532,439Source | 8,394,719Source |
| Earnings Per Share, BasicUSD per share | -0.69Source | -1.36Source | — | — |
| Earnings Per Share, DilutedUSD per share | -0.89Source | -1.36Source | — | — |
| Weighted Average Number of Shares Outstanding, Basicshares | 13,717,309Source | 6,685,515Source | — | — |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 37,504,811Source | 6,685,515Source | — | — |
| Interest Expense (non-operating)USD | 7,057,000Source | — | — | — |
| Additional Financial Items | ||||
| Costs and ExpensesUSD | 1,776,913,000Source | 1,328,339,000Source | — | — |
| Current Income Tax Expense (Benefit)USD | -236,000Source | 0Source | — | — |
| General and Administrative ExpenseUSD | 133,937,000Source | 100,714,000Source | — | — |
| Goodwill, Impairment LossUSD | — | 0Source | — | — |
| Income (Loss) from Equity Method InvestmentsUSD | 153,000Source | -259,000Source | — | — |
| Interest ExpenseUSD | — | 6,417,000Source | — | — |
| Investment Income, InterestUSD | 3,199,000Source | 1,326,000Source | 5,128,585Source | 20,259Source |
| Net Income (Loss) Attributable to Nonredeemable Noncontrolling InterestUSD | 775,000Source | 321,000Source | — | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -3,973,000Source | -5,542,000Source | — | — |
| Net Income (Loss) from Continuing Operations Available to Common Shareholders, BasicUSD | -4,000,000Source | -5,500,000Source | — | — |
| Nonoperating Income (Expense)USD | — | — | 13,948,974Source | 10,027,208Source |
| Operating Costs and ExpensesUSD | — | — | 2,389,899Source | 1,632,489Source |